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New Greenlight Financial Round Pushes Valuation Past $1.2B

PYMNTS

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. The round also included new investors BOND, DST Global, Goodwater Capital and Fin VC and Greenlight’s first institutional investor, Relay Ventures.

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FinTechs Raised A Record $39.57B In VC Funding Last Year

PYMNTS

Financial technology startups were able to raise $39.57 billion in venture funding last year, marking a 120 percent increase from 2017. The number of deals is also up from the 1,480 in 2017. Asia saw the largest increase in the number of deals, with growth of 38 percent in 2018 compared to 2017. In the U.S.

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Bitcoin Drops Below $6,000

PYMNTS

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). According to a report in CNBC citing Coinmarketcap.com, the market cap of bitcoin was at $98,194,458,586 overnight.

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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

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B2B Neobank Qonto Gets $115M In Series C Round

PYMNTS

Qonto intends to squeeze more out of its existing markets, improve and upgrade the offerings on its platform, and focus more on local needs. It also plans to hire more employees with the capital. Qonto launched its corporate digital banking solution in 2017. billion USD) in transaction volume last year. . million.

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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. reports noted. reports noted.

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Naspers Earmarks $1B For Indian FinTech Investments

PYMNTS

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. The FinTech market is attractive to investors because the financial industry has long been in need of disruptions. percent from 33.2

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